Buying to Close ANGI short

I have decided to end my ANGI short for the following reasons:

  1. This is my first short
  2. Stocks tend to go up
  3. I have made over 10% within less than 2 months

I learned quite a bit via the exercise, and am still extremely confident that Angie’s List will fail in the long term. Unfortunately, I cannot predict the short-term and believe the stock may have hit a floor. I will post again when I believe the stock is primed for another sell-off.

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Author: secondhandstocks

The genesis for this blog stems from a Marine buddy and I came back from Afghanistan with more money than knowledge, and heedlessly tossed our hats into the stock market ring. A few months later, I remember discovering the classic book The Intelligent Investor by Graham and Dodd, and ravenously devouring my first introduction to value investing. That framework - with some generous additions by Seth Klarman, and Joel Greenblatt among others - guides my investment philosophy. I spent five years working in the intelligence field, both in the Marine Corps and then for a government agency after that. I speak Arabic and Pashto, have programming and analysis experience, and enjoy investing in technology companies as a hobby. I also spent a year on Wall Street working on a #1 Ranked Institutional Investor team, before deciding that that the Sell-Side was not for me.

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